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Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.
  • UAE, Israel in talks to sign comprehensive economic pact

    The announcement was made via video conferencing on Tuesday by Abdullah bin Touq Al Marri and Orna Barbivai, Israeli Minister...

    The partnership between the two countries will reinforce their economic ties, promote trade, increase new investment opportunities for companies

    Trade exchange between the two countries from the signing of the peace accord in September 2020 until the end of September 2021 has been around AED3.5 billion

  • Iran enacts population law criticized by UN experts

    The law renders reproductive screening optional, imposes restrictions on abortion and limits access to contraception

    It also tasks public broadcasters with producing content that encourages women to have more children and denounces celibacy or abortion.

    About 46.6 percent of Iran's population of 83 million is under 30 years old.

  • Assad scraps grand mufti post in Syria

    Syrian President Bashar al-Assad has issued a decree eliminating the post of top Muslim cleric for the country and expanding...

    The new decree, which state media said came into effect on Monday, effectively forces Ahmed Badreddin Hassoun, appointed as grand mufti by Assad in 2004, into retirement

    His prerogatives will be folded into a council that falls under the ministry of religious endowments, or waqf, which already oversees Islamic affairs in Syria

  • East Libya strongman Haftar says to run for president

    Haftar's announcement comes two days after the candidacy of Seif al-Islam Kadhafi -- the son of slain dictator Moamer Kadhafi...

    In his speech Tuesday, Haftar affirmed that the December election is "the only way to pull Libya out of chaos".

    Backed by Russia, Egypt and the United Arab Emirates, Haftar is a controversial figure, despised by many in western Libya.

  • Hundreds of migrants assisted off coast, says Morocco

    Moroccan coast guards have assisted more than 300 migrants in difficulty aboard various craft since Friday.

    Despite stepped-up controls, migrant departures from Morocco's coasts have increased lately

    Mainland Spain is only about 20 kilometers (12 miles) from Morocco

  • Biden urges ‘guardrails’ against conflict in virtual Xi summit

    Biden emphasized the need for settling a relationship rocked by high-stakes disputes, including on trade and Taiwan.

    Biden emphasized the need for settling a relationship rocked by high-stakes disputes, including on trade and Taiwan

    Xi, speaking from Beijing, called Biden "my old friend," but said the rivals must work more closely

  • Aviation emerging out of Covid crisis, outlook brightening: Airbus CEO

    The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the "outlook is starting...

    A large order of 255 of Airbus' planes at the Dubai Airshow "completely justifies" a shift to ramping up manufacturing, the CEO said.

    The United States has largely resumed, Europe is also resuming. Asia will probably take a little longer, Guilluame Faury said.

  • Expo opportunity to boost UAE-Monaco cooperation: Prince Albert II

    Prince of Monaco, Albert II has called Expo 2020 Dubai a "great opportunity" to enhance the cooperation between his country...

    The UAE and Monaco are centers of global exchanges, the prince said on the sidelines of Monaco's National Day celebration at Expo.

    Monaco’s pavilion at Expo 2020 is located in the Opportunities District and is inspired by the legendary Rock of Monaco.

  • Middle East’s first waste-to-sustainable aviation fuel plant to come up in Abu Dhabi

    Abu Dhabi Waste Management Centre (Tadweer) has signed an agreement with Etihad Airways to facilitate the development of the first...

    The plant can convert 4 million tons of municipal waste every year into 140 million gallons of fuel.

    The plant will help Abu Dhabi to divert 75 percent of municipal waste away from landfills.

  • UAE says COP26 a ‘success’ but world still needs to invest billions in oil, gas

    The UAE, one of the world’s top crude exporters, said a recent UN climate summit in Glasgow was a “success”...

    Nearly 200 countries at the COP26 summit pledged Saturday to speed up the fight against rising temperatures, after two weeks of negotiations.

    UAE minister of industry Sultan al-Jaber said oil and gas industry would have to invest “over $600 billion every year until 2030 just to keep up with the expected demand".

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